KBR (KBR) Posts Quarterly Earnings, Misses Estimates By $0.67 EPS
KBR (NYSE:KBR) released its earnings data on Thursday. The company reported ($0.29) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.38 by $0.67, Analyst Ratings Network.com reports. The company had revenue of $1.63 million for the quarter, compared to the consensus estimate of $1.77 billion.
Shares of KBR (NYSE:KBR) opened at 26.32 on Thursday. KBR has a 52 week low of $22.48 and a 52 week high of $36.70. The stock’s 50-day moving average is $24.59 and its 200-day moving average is $28.37. The company has a market cap of $3.899 billion and a price-to-earnings ratio of 52.38.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Friday, June 13th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Wednesday, June 11th.
A number of analysts have recently weighed in on KBR shares. Analysts at Alembic Global Advisors initiated coverage on shares of KBR in a research note on Thursday, June 12th. They set an “overweight” rating and a $32.00 price target on the stock. On the ratings front, analysts at Jefferies Group cut their price target on shares of KBR from $34.00 to $33.00 in a research note on Tuesday, June 3rd. They now have a “buy” rating on the stock. Finally, analysts at Credit Agricole reiterated an “outperform” rating on shares of KBR in a research note on Thursday, April 10th. They now have a $32.00 price target on the stock. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. KBR presently has an average rating of “Buy” and a consensus target price of $34.07.
KBR, Inc (NYSE:KBR) is a global engineering, construction and services company supporting the energy, hydrocarbons, Government services, minerals, civil infrastructure, power, industrial and commercial markets.
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